N.J. Stat. § 55:17-4
Establishment and maintenance of financial records and data
New Jersey · New Jersey Statutes Title 55 — Tenement Houses and Public Housing · Status: effective
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- Citation
- N.J. Stat. § 55:17-4, Establishment and maintenance of financial records and data, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1484516
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Full text
The financial records and data in respect to the administration of the project after default or foreclosure shall be so established and maintained as to permit the application of the terms of the lease or financial arrangement in respect to the calculation of payments to be made to a governmental body or agency, as well as of limitations upon profits, earnings, dividends and the like, separately and apart from the business operations of the holder of the mortgage loans arising from other transactions than the project itself.